DebtCafe Debt Consolidation

Thursday, 16 July 2015

Debt Consolidation Help

Many Canadians face credit problems at some point in their
life. If you’re struggling with a mountain of bills with not enough income to
cover them, you’re not alone. It’s important to remember that credit counseling
is available, and having a credit counsellor working at your side can make all
the difference in the world in getting you out of debt for good.

Budgets Don’t Always Work

If you’ve asked yourself over and over why you can’t stick
to your budget, you’re in good company. Almost everyone has wondered why he or
she has gotten into debt at one time or another. In many cases, the reasons you
find yourself in debt are not as simple as going off your budget.

Emergencies and other unexpected outlays happen all the
time. Perhaps you budgeted wisely but your car broke down or your water heater
stopped working, and you needed to fix them whether they were in the budget or
not. Budgets are often family affairs, and maybe one party spent money without
the others knowledge, and your debts soon got out of hand. Big changes happen
in our lives all the time, and it’s impossible to foresee everything and plan
for it. Revising your budget doesn’t always help if you’re already too far in
debt and too much of your income is being consumed by interest.

Stop The Spiral Of Debt

If you’re in debt, you need to gather all the support you
can to get out from under the debt you have already, so that you can give
yourself a chance to live within your means again. Our credit consolidation and
debt consultation services are just the tools you need to break out of the
spiral of debt and more debt that keeps you worried about money day and night.

Our credit consolidation consultants are trained to review
your situation carefully, inform you of all your options, and guide you toward
effective and affordable solutions. We can help you learn about the ins and
outs of debt consolidation and other techniques that will protect you from
slipping further into debt, while they help you clean up your existing debt in
affordable bites. Whatever your current situation, taking on your credit
troubles immediately will help you avoid even worse trouble down the road. Our
friendly and knowledgeable consultants will give you the motivation and
encouragement you deserve along with the expertise you need in dealing with
your creditors.

You Need Expert Information

Our credit consolidation specialists know that information
is the key to regaining your financial independence after you’ve gotten too far
into debt. You’re going to need a comprehensive and accurate spending plan that
works within your budget. Our experience in dealing with creditors allows us to
help you put together an approach that will be acceptable to both sides.

Credit problems can put you under a lot of stress. Credit
companies and banks put a lot of pressure on you, and if you miss one tiny line
of conditions on your credit card statement they’re only too happy to hit you
with big fees and higher interest rates. It’s possible for you to miss out on a
simple detail or approach that you’ve overlooked or didn’t know about that can
save you thousands. Don’t expect the credit card companies to tell you how much
of the money you owe that they’d be willing to forgive until you force them to.
You need experienced, qualified help for that, and we can give it to you.

Your Debt Grows Whether You Borrow More Or Not

If you’ve been dealing with numerous creditors over late
payments or other problems, you’ve probably noticed that they only have two
approaches to collecting their debts. First they pile on fees and penalties
that make the amount of money you borrowed in the first place seem small, and
then they restrict your access to more credit when you need it most. They
follow this up with aggressive collection techniques. You pay and pay, doing
the best you can do under increasingly bad circumstances. It’s only after your
situation gets so bad that you’ll never be able to pay them back that they’ll
listen to reason. They’ll be much more receptive to credit consolidation if you
have a credit counselor working on your behalf. Don’t go into the credit fight
unarmed any longer.

Show Credit Companies You Mean Business

While it’s true that your creditors will finally listen to
reason when you’re unable to pay, they’re unwilling to make any adjustments
unless you have a concrete plan in place that demonstrates that you’re both
willing and able to meet it. You’re much more likely to convince them you’re
serious, and that your plan is viable, if you have the help of our professional,
experienced, knowledgeable consultants on your side.

Don’t delay. Credit woes never get better if you wait. Just
fill out the form, and begin getting effective help to put you back on the road
to fiscal health. Contact us today!

Friday, 28 June 2013

When people are deeply in debt, there is a fear and embarrassment like no other. Every bill that comes in monthly inspires anxiety, provokes psychological fear and depression. This fear may cause physical shaking, headaches and a variety of other symptoms. It is no fun having bills to pay and not knowing how you are going to pay them. When someone who is in such a desperate situation learns about debt consolidation loans, it may seem as if it is the solution to all their problems. After all, someone is offering to pay off their loans and then they can pay them back with one monthly payment. Unfortunately, this may not be the best option for the individual as the unthinkable can happen and the person can get into more debt.

When a person takes on a loan like this they must make sure they can meet the terms of repayment. Secured debt consolidation loans tend to have very low interest rates and so the first instinct of a person in debt is to get this type of loan. However, as stated before it may not be the best idea because if one month passes and the individual cannot pay they are in danger of losing some of the assets used to secure the loan. More often than not people use their homes to secure these loans. Here, you can clearly see the danger of ending up homeless, if one runs into trouble with repayment of these loans.

The state of your credit directly impacts the terms under which you get the loan, for example, if you have very poor credit, in order to compensate for this you will have to receive a higher interest rate and pay off your loan over a longer period of time in order to make sure that you can meet the monthly payments with a certain level of ease. This of course means that it will take longer for the loan to be finished and you will end up paying more. With loan consolidation you might also run the danger of falling into more credit card debt if you are not disciplined enough to manage it well, this is because your credit card will now be cleared of all charges and the temptation to use it might become too much for some to resist.

Instead of even considering debt consolidation loans it is often better to get debt counselling. If you don't know where to start, visit our website at debtcafe.ca for a free consultation. Instead of paying off all your

debt with one big loan and then paying back one monthly payment which has so any pitfalls. Debt counselling involves negotiating with your creditors. This is done for you by your debt counsellor. During this period the counsellor will take a look at all your assets before beginning the negotiation process. The counsellor will often be successful in getting you lowered monthly payments and even a removal of late payment fees. In some instances debt counsellors have been able to get as much as 50 to 60 percent reductions in monthly paybacks. You can even arrange for the counsellor to make the payments for you, this provides you with someone to be accountable to, so that you can create a certain level of discipline in paying back your debt. This solution is the best way to keep control of your finances while attempting to secure your financial future.